Mikhailovsky HBI plant to start ops, ship material to market in 2024

Russia's Mikhailovsky HBI - the world ?s largest hot-briquetted iron (HBI) plant - should start operations in the first half of 2024, it said on March 2.

USM Holdings and Mikhailovsky GOK - part of Metalloinvest, which is the largest global HBI producer and one of USM's assets - jointly own the plant.
The plant will have capacity to produce more than 2 million tonnes per year of HBI, it said.
"The new mill will produce merchant HBI," a source familiar with the matter told Fastmarkets.

The asset will be located in...

Crypto market size continues to catch up with gold

Crypto stealing some of gold's thunder

Gold stocks drop on metal price decline

US a major market for Canadian mineral exports

Gold stocks down along with broad equities decline